The Senate on Tuesday approved a bipartisan, $250 billion bills boosting government spending on technology research and development amid increasing competition from China and other nations.The Bill passed 68-32. It won approval after being delayed just before the Senateâs Memorial Day recess, as some Republican lawmakers raised last-minute concerns regarding its magnitude and scope.The legislation speaks for a potential landmark effort to turn the tide on a few long-term trends in US competitiveness. Those include eroding federal investments in research overall and a diminishing share of the worldâs semiconductor manufacturing.
Senate Approves $250 Billion Bill to Boost Tech Research
Published by
July 25, 2024 2:51 PM
(GMT+2)
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